🟢 iShares S&P/TSX Global Gold Index ETF is trading 7.2% up today as gold miners rally on U.S.–Iran peace deal and easing inflation fears

iShares S&P/TSX Global Gold Index ETF is trading around CA$53.60, up roughly 7.2% today as gold-mining equities rally following a tentative U.S.–Iran 60-day peace agreement that has eased global inflation concerns.

• The 60-day truce has significantly lowered energy price pressures, reducing the perceived risk of future interest rate hikes and boosting gold-mining equities globally.
• The ETF is extending a sharp three-day rebound after the June 10 selloff, benefiting from a broad shift in risk sentiment and a strong advance in major equity indices.